secwatch.observer — SEC 8-K summary
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Issuer:     GEO GROUP INC (GEO)
CIK:        0000923796
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001193125-23-043519
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEO Group Q4 2022 net income $41.8M; FY 2023 guidance: rev $2.37-2.47B, Adj EBITDA $500-540M
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- Q4 2022 revenues $620.7M, net income $41.8M ($0.28 diluted EPS), Adjusted EBITDA $145.5M.
- Full year 2022 revenues $2.38B, net income $172.0M ($1.17 diluted EPS), Adjusted EBITDA $539.2M.
- FY 2023 guidance: revenues $2.37-2.47B, net income $100-127M, Adjusted EBITDA $500-540M.
- Net debt ~$1.975B, net leverage 3.7x; targeting below 3.5x by end 2023 and below 3x by end 2024.
- ISAP program participants below 290,000 due to policy changes; guidance assumes continued reduction at low end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923796/000119312523043519/0001193125-23-043519-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923796/000119312523043519/d426398d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-043519

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